Logistic

Dutch offshore solutions provider SBM Offshore has signed an agreement with Nippon Yusen Kabushiki Kaisha (NYK) to sell a 45% ownership interest in the special purpose companies responsible for the lease and operation of the FSO Chalchi.  Following completion of the transaction,...

Greek shipowner Aegean Shipping Management has taken a significant step in its growth strategy by entering the Very Large Crude Carrier (VLCC) market for the first time, placing an order for four new tankers at China’s Hengli Heavy Industries.  The order, announced during Posidonia in Athens, includes two LR2/Aframax tankers...

In a landmark strategic shift, Global Ship Lease has entered the newbuilding market for the first time in its history, committing approximately $917 million to the construction of 10 new containerships as it prepares to modernise its fleet for the next generation of container shipping trades.  The Athens-based company announced that it has signed individual contracts for...

A major step has been taken in the exploration of nuclear propulsion for commercial vessels, as American Bureau of Shipping (ABS) has granted approval in principle (AIP) for a next-generation reactor design intended for integration into cargo ship propulsion systems.  The concept has been developed through a...

The latest U.S. Bureau of Labor Statistics (BLS) employment data reveals a mixed and somewhat unstable picture for the freight and logistics labor market,...

A major shift could be on the horizon for U.S. employers as the U.S. Equal Employment Opportunity Commission (EEOC) moves...

Cold Chain Technologies (CCT) has announced the European launch of its EcoFlex range, a family of reusable temperature-controlled parcel shippers specifically designed...

Deere & Co. has recovered $272 million in tariff refunds after the U.S. Supreme Court ruled in February that certain...

Mountain Air Cargo, a regional cargo airline operating on behalf of FedEx, is seeking a waiver from the U.S. Federal Aviation Administration (FAA) as part of its fleet modernisation strategy, warning that key cargo services to several Caribbean islands could be jeopardised without regulatory relief.  The North Carolina-based carrier has formally petitioned the...

A major shift has emerged for the US freight brokerage industry following a landmark Supreme Court ruling that found third parties can be held liable for negligent hiring practices.  The decision, issued unanimously on 14 May in a case involving C.H. Robinson Worldwide, is already being described as a turning point for how...